Interesting article by AMP referring to the changing nature of infrastructure as an asset class as some investments which, in the past, have not been considered infrastructure are now being included in the umbrella term.

Stretching the definition of infrastructure is surely a good thing considering the competition for assets and high market valuations being key threats to return generation in coming years. Whilst new sub-sectors of infrastructure develop, so do ways of financing, sourcing and exiting deals that will sustain a desirable level of competition for assets.

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Not long ago, infrastructure referred to transport (roads and bridges), energy (poles and wires) and water (treatment plants). Now it includes a plethora of assets, from the traditional through to data centres for cloud technology and the 5G cell towers that will pop up on power poles and lights around the country over the next couple of years.